Cabinet approves Production Linked Incentive Scheme – 2.0 for IT Hardware

Published By : Admin | May 17, 2023 | 15:59 IST

The Union Cabinet, chaired by the Hon'ble Prime Minister Shri Narendra Modi, today approved the Production Linked Incentive Scheme 2.0 for IT Hardware with a budgetary outlay Rs. 17,000 crore.

Context:

  • Electronics manufacturing in India has witnessed consistent growth with 17% CAGR in last 8 years. This year it crossed a major benchmark in production – 105 billion USD (about Rs 9 lakh crore)
  • India has become the world’s second largest manufacturer of mobile phones. Exports of mobile phones crossed a major milestone of 11 billion USD this year (about Rs 90 thousand crore)
  • The global electronics manufacturing ecosystem is coming to India, and India is emerging as a major electronics manufacturing country
  • Building on the success of Production Linked Incentive scheme (PLI) for mobile phones, the Union Cabinet today approved PLI Scheme 2.0 for IT hardware

 

Salient features:

  • PLI Scheme 2.0 for IT hardware covers laptops, tablets, all-in-one PCs, servers and ultra small form factor devices
  • The budgetary outlay of the scheme is Rs. 17,000 crore
  • The tenure of this scheme is 6 years
  • Expected incremental production is Rs. 3.35 Lakh crore
  • Expected incremental investment is Rs. 2,430 crore
  • Expected incremental direct employment is 75,000

 

Significance:

  •  India is emerging as a trusted supply chain partner for all global majors. Large IT hardware companies have shown keen interest in establishing manufacturing facilities in India. This is further supported by strong IT services industry having good demand within the country.

Most majors would like to supply domestic markets within India from a facility situated in India as well as make India an export hub.

 

  • Reena chaurasia September 08, 2024

    BJP BJP
  • DHANRAJ KUMAR SUMAN June 10, 2023

    GOOD MORNING SIR. JAI HIND SIR.
  • Tribhuwan Kumar Tiwari May 21, 2023

    वंदेमातरम सादर प्रणाम सर
  • Ranjeet Kumar May 18, 2023

    congratulations🎉🥳👏
  • Ranjeet Kumar May 18, 2023

    new india🇮🇳🇮🇳🇮🇳
  • Ranjeet Kumar May 18, 2023

    jay bharat mata
  • Ranjeet Kumar May 18, 2023

    jay hind🇮🇳🇮🇳🇮🇳
  • Ranjeet Kumar May 18, 2023

    jay sri ram🙏🙏🙏
  • umakant pathak May 18, 2023

    नॉर्दर्न रेलवे दिल्ली डिवीजन से मेरी पेंशन और अन्य रिटायरमेंट ड्यूज शीघ्र दिलाए जाएं आपकी बहुत कृपा होगी। यू के पाठक एक्स टी टी ई फरीदाबाद ।
  • DIpak S Upadhye May 18, 2023

    जय श्री राम् Dipak Upadhye Mandal Sachiv Kasarvadvali Thane 9422809721
Explore More
Blood of every Indian is on the boil: PM Modi in Mann Ki Baat

Popular Speeches

Blood of every Indian is on the boil: PM Modi in Mann Ki Baat
How Modi govt boosted defence production to achieve Atmanirbhar Bharat

Media Coverage

How Modi govt boosted defence production to achieve Atmanirbhar Bharat
NM on the go

Nm on the go

Always be the first to hear from the PM. Get the App Now!
...
Prime Minister congratulates Neeraj Chopra for achieving his personal best throw
May 17, 2025

The Prime Minister, Shri Narendra Modi, has congratulated Neeraj Chopra for breaching the 90 m mark at Doha Diamond League 2025 and achieving his personal best throw. "This is the outcome of his relentless dedication, discipline and passion", Shri Modi added.

The Prime Minister posted on X;

"A spectacular feat! Congratulations to Neeraj Chopra for breaching the 90 m mark at Doha Diamond League 2025 and achieving his personal best throw. This is the outcome of his relentless dedication, discipline and passion. India is elated and proud."

@Neeraj_chopra1